NEW YORK (AP) -- Chase is launching a new prepaid card designed to be an alternative to a checking account as banks try to recoup fees they've lost under recent regulatory changes.
The New York company says the reloadable Chase Liquid card is available at 200 branches, and will expand nationwide this summer.
Consumers will pay a $4.95 monthly fee for the reloadable card. They can use it the same way they do a debit card to make purchases and withdraw cash from ATMs and Chase branches. JPMorgan Chase & Co. says it is a low-cost alternative to traditional checking accounts.
Banks are looking to a number of new ways to increase their revenue after regulatory changes limited the fees they can collect from merchants when customers make a purchase with a debit cards.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.